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Topic: Federal Debt and Deficit

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Cincydawg

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Re: Federal Debt and Deficit
« Reply #154 on: September 18, 2024, 12:06:26 AM »
The flip flop is on both sides. 

847badgerfan

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Re: Federal Debt and Deficit
« Reply #155 on: September 18, 2024, 07:52:34 AM »
Yet many of those blue states are funding red states. https://worldpopulationreview.com/state-rankings/donor-states

California, in fact, is the state that gets back the 7th-lowest percentage of federal dollars compared to what our state gives to DC. We get back, as a state, only 65 cents on the dollar in benefits compared to what we actually pay. Illinois is even worse at only 60 cents. And you criticize us.

I'd rather you just say thank you, and be on your way.

You could pretend to be me and simply GTFO.
U RAH RAH! WIS CON SIN!

MrNubbz

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Re: Federal Debt and Deficit
« Reply #156 on: September 18, 2024, 08:50:49 AM »

I'd rather you just say thank you, and be on your way.

Great Points and astute observations, thank you Col. Nathan R. Jessep
"Let us endeavor so to live - that when we come to die even the undertaker will be sorry." - Mark Twain

Cincydawg

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Re: Federal Debt and Deficit
« Reply #157 on: September 18, 2024, 11:02:31 AM »
You want the truth?

MrNubbz

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Re: Federal Debt and Deficit
« Reply #158 on: September 19, 2024, 08:56:47 AM »
would youse smart fellas hurry up and resolve this Fed Debt and Deficit issue already
F Illinois and the rest of those states. People vote for that shit, and they can live with it.
    It gave the public the belief that we were forward-thinking and protecting Social Security for the future, by putting that money in the SSTF. But since that money was being immediately spent and replaced by treasury bills, it meant that all we were doing was kicking the can down the road to be picked up by future taxpayers / future debt.


It was genius... And deceptive as fck.
Politically, when R's took Congress (both houses) in the 1994 elections then Clinton held the WH you had a situation where they were fighting and not wanting each other to get credit for any major new initiatives so basically not much happened and as it turns out, that is cheap. 
I do remember welfare reform and shrinking of the military at that time, but as we've stated the # 1 cause of the debts and deficits are entitlements. Were the entitlements of the era much smaller than they are today?  And if so, was the federal government able to just cut discretionary spending and get things under control? 

Or was it a mixture of the economy being supercharged, bringing in more taxes, at the same time the gov't made modest cuts and these factors combined to create the surplus?  I do remember that after W got elected, it didn't take long at all to start running deficits again.  Blame 9/11 or the GWT (Global War on Terror), but it seems like we hit GO and never looked back. 
See I do not understand all of this I do understand the illicit government grifting starts by seemingly bending me over every April like Ned Beatty in Deliverance. How they spin, disperse, shuffle all of this in their parlor tricks and confidence games is unfathomable to anyone in the middle class who has had to live within their means, earn their own way and work into their 60's. It appears their political skills are to deceive vulnerable believers taking to the tune of hundreds of millions/billions of dollars. How these stewards of our savings siphon all this off to the reprobates in the defense industry, umbrellas for government employees and the beneficences at the border that neither earned, needed or deserved this haul is not only unrepresentative but in fact deviant
"Let us endeavor so to live - that when we come to die even the undertaker will be sorry." - Mark Twain

847badgerfan

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FearlessF

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Re: Federal Debt and Deficit
« Reply #160 on: September 19, 2024, 09:04:00 AM »
Bead Program

I'm hoping to make some money - next year

so many strings attached that many service providers are not willing to take the money

and yes, it takes years for this stuff to trickle down to the states to be distributed

it's because the Fed government knows nothing about what they are doing

they have good intentions but, .......... they are ignorant and don't know who to trust with the money
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

847badgerfan

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Re: Federal Debt and Deficit
« Reply #161 on: September 19, 2024, 09:11:25 AM »
Bead Program

I'm hoping to make some money - next year

so many strings attached that many service providers are not willing to take the money

and yes, it takes years for this stuff to trickle down to the states to be distributed

it's because the Fed government knows nothing about what they are doing

they have good intentions but, .......... they are ignorant and don't know who to trust with the money
If you open it up and actually read the letter from the Senators, it will shed some light on the how and why.
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MaximumSam

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Re: Federal Debt and Deficit
« Reply #162 on: September 19, 2024, 09:33:43 AM »
If you open it up and actually read the letter from the Senators, it will shed some light on the how and why.
Feels made up. Which given the timing, probably is.

FearlessF

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Re: Federal Debt and Deficit
« Reply #163 on: September 19, 2024, 09:33:48 AM »
I understand

Fed has been pushing for broadband builds for years
they could have followed past programs that have evolved over time and work decently.  ACAM and NOFA
They decided to go a completely different route with agencies that have zero experience and no good way to get things done
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847badgerfan

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Re: Federal Debt and Deficit
« Reply #164 on: September 19, 2024, 10:02:03 AM »
Feels made up. Which given the timing, probably is.
It's real. I checked it out before I posted it.
U RAH RAH! WIS CON SIN!

Cincydawg

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Re: Federal Debt and Deficit
« Reply #165 on: September 21, 2024, 07:05:43 AM »
I see no reason to expect Congress to cut spending for obvious reasons.  I also see little hope higher tax rates will generate much additional revenue.

Ergo, the period of massive Federal deficits will continue year after year, until it can't.  At best, economic growth will start to reduce debt as a percent of GDP a bit, maybe even under unity, BUT a recession will massively change that possibility to being horrible.

MaximumSam

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Re: Federal Debt and Deficit
« Reply #166 on: September 21, 2024, 07:39:25 AM »
It's real. I checked it out before I posted it.
I mean their reasoning, which after looking into it a bit, seems like mostly fluff.

Cincydawg

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Re: Federal Debt and Deficit
« Reply #167 on: September 21, 2024, 07:42:53 AM »
Either folks have been hooked up and this is false, or they haven't.  

What Did 'Broadband Czar' Harris Do With the $40 Billion Appropriated for Internet? (townhall.com)
What Did 'Broadband Czar' Harris Do With the $40 Billion Appropriated for Internet? (townhall.com)

This is a right wing "news" item on this.  Maybe they have yet to spend any money.  Maybe some folks were hooked up.  I don't know.


 

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